Search found 104 matches

by SuzBanyan
Mon Jul 17, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 3621

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

• Health care: 2.5 years retirement health care funded by employer; able to buy into employers group health plan at 100% cost soccerfan25, Is it possible to find out the 100% cost for this year? At my current employer, this number is listed in my pay check (employee and employer portion). The bigge...
by SuzBanyan
Tue Jun 27, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Financing Engagement Ring/ Credit Score Potential Consequences
Replies: 39
Views: 2035

Re: Financing Engagement Ring/ Credit Score Potential Consequences

What about your soon-to-be spouse? Can she contribute financial resources to the ring she will be wearing?
by SuzBanyan
Mon May 22, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Well-made quality handbags
Replies: 32
Views: 3209

Re: Well-made quality handbags

Had to laugh at this thread, as I have a huge problem emotionally discarding anything that has useful life left...from appliances to handbags and clothing. I've owned a Stone Mountain bag (from Stone Mountain GA, a tiny town made famous by Kenny on 30 Rock for anyone who watched that show!) for clo...
by SuzBanyan
Tue Feb 21, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: When To Enroll in ACA (Obamacare)
Replies: 6
Views: 630

Re: When To Enroll in ACA (Obamacare)

There is a proposed rule that was published for comment last week which, if finalized, would make some changes in the special enrollment periods for the ACA. https://s3.amazonaws.com/public-inspection.federalregister.gov/2017-03027.pdf You may want to follow this proposed rule in case it results in ...
by SuzBanyan
Mon Jan 23, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: No health insurance tax penalty
Replies: 69
Views: 6002

Re: No health insurance tax penalty

That's not right. It is added to total tax liability on line 61 of the 1040. While this is technically true--it does go on the form--it's only a liability if you actually have to pay it. And you don't. See here: https://www.healthcare.gov/fees/fee-for-not-being-covered/ What happens if I don't pay ...
by SuzBanyan
Mon Jan 23, 2017 10:26 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 189
Views: 22369

Re: Roll Call for the Retirement Class of 2017!

Was going to be in the Class of 17 but worked out a deal with the boss which allows me to work three days a week and keep the benefits. Best of both worlds. Full retirement postponed until further notice. Same for me. I plan to work enough hours this year to get health insurance coverage, then re-e...
by SuzBanyan
Fri Jan 13, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree health care premium before reaching medicare age
Replies: 17
Views: 1461

Re: Retiree health care premium before reaching medicare age

I would guess that the crystal ball for health insurance expenses after this year is probably as opaque as it will ever be. In addition, most people expect that even those with insurance will be paying a higher portion of their out of pocket health expenses over time. As a result, health costs in re...
by SuzBanyan
Sun Oct 30, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: 65 and 63 year old - retirement question (non-investment)
Replies: 21
Views: 2650

Re: 65 and 63 year old - retirement question (non-investment)

Can your parents pay more towards their mortgage before your Dad stops working? Their income starting in January is $100K and their expenses are $42K plus food. While refinancing to a lower rate may make sense, this is particularly true when it allows earlier repayment of the debt. If they do a non-...
by SuzBanyan
Wed Oct 26, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: New couch? Please advise.
Replies: 28
Views: 3070

Re: New couch? Please advise.

From what I have read, furniture manufacturers were hit hard by the Great Recession. As a result, many brands downgraded their quality at that time, making comparisons with older products that much more difficult. Also, any furniture with movable parts will likely have a shorter life span. As a resu...
by SuzBanyan
Sun Oct 23, 2016 7:36 pm
Forum: Personal Consumer Issues
Topic: New couch? Please advise.
Replies: 28
Views: 3070

Re: New couch? Please advise.

Before we bought our leather sectional last year, I spent a lot of time on the myfurnitureforum.com. Duane Collie, who has a retail store in Virginia and is a dealer for Hancock & Moore, runs the forum. He provides lots of information on quality furniture. I admit that after learning more, we bo...
by SuzBanyan
Wed Oct 19, 2016 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Close to Retirement - Now What?
Replies: 15
Views: 3668

Re: Close to Retirement - Now What?

I agree with the maxing out your retirement account strategies. This will help put you in a position where you can cash out a good portion of your taxable prior to age 59.5 without being subject to capital gains. Given the size of your 401K + IRA relative to your other assets, I think doing some Ro...
by SuzBanyan
Wed Oct 12, 2016 6:19 pm
Forum: Personal Consumer Issues
Topic: CareFirst BlueChoice HDHP federal govt not covering prenatal!
Replies: 10
Views: 1168

Re: CareFirst BlueChoice HDHP federal govt not covering prenatal!

Has the insurance company clearly communicated why it was denied? Are you really covered for "routine" prenatal or just "preventative" prenatal? There may, or may not, be a difference. You posted that the coding was correct, but do you know if a non-preventative code was added wh...
by SuzBanyan
Tue Oct 11, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Archer MSA in CA
Replies: 0
Views: 763

Archer MSA in CA

A co-worker asked me about an account with HSA Bank that he has had since before 2002. Based on the date, I assume it is an Archer MSA account. No contributions have been made to the account since 2002, but he does have an HSA to which are current employer is making contributions since 2010. We are ...
by SuzBanyan
Thu Sep 15, 2016 10:24 am
Forum: Personal Consumer Issues
Topic: Which city for part time home during retirement?
Replies: 86
Views: 7069

Re: Which city for part time home during retirement?

Have you looked at San Luis Obispo? It doesn't have international flights, but it's about 3.5 hours from San Jose and the same from LAX, so there are options. There are condos in okay locations in your price range and in slightly better locations (higher walkability rating) just above your price ran...
by SuzBanyan
Sun Sep 11, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Twin home burns down and one owner won't rebuild. What happens?
Replies: 25
Views: 3354

Re: Twin home burns down and one owner won't rebuild. What happens?

At a minimum, I would suggest having a discussion with the insurance agent about including coverage for additional replacement cost based on changes in the law. if the neighbors' failure to rebuild concurrently means that the new home must have a setback, such "compliance with code" covera...
by SuzBanyan
Sat Sep 10, 2016 8:45 am
Forum: Personal Consumer Issues
Topic: Hailing runners and tech Bogleheads re:Apple watch 2
Replies: 27
Views: 2345

Re: Hailing runners and tech Bogleheads re:Apple watch 2

Sport or smartwatch is a luxury when you have gps, music and great free apps like Wahoo Fitness to track/train with the phone she has and apparently doesnt mind running with. Just get something that will measure HR and send heart rate to the phone via bluetooth and app- you can get a Wahoo tickr ch...
by SuzBanyan
Mon Sep 05, 2016 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Professional mid-life crisis
Replies: 28
Views: 5026

Re: Professional mid-life crisis

Miguelito: Is your current position flexible enough that you can take advantage of that short commute and spend more time involved with your kids activities in school or after-school? Maybe coach a team they are on, even if it means both arriving and leaving work early one or 2 days a week?
by SuzBanyan
Sat Sep 03, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: How to model a reverse mortgage into early retirement simulations?
Replies: 12
Views: 1545

Re: How to model a reverse mortgage into early retirement simulations?

You should take a look at this paper by Wade Pfau from late last year: http://papers.ssrn.com/sol3/papers.cfm? ... id=2685816

It compares the possible outcomes between using a reverse mortgage early or late.
by SuzBanyan
Sat Sep 03, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help with potential lawsuit
Replies: 32
Views: 3352

Re: Help with potential lawsuit

As said, you're probably fine and let USAA take care of it. I go through USAA for my auto insurance... and have an umbrella policy with them. If you go the umbrella route, USAA will set or adjust your liability limits to what they say you need for the umbrella policy anyway. Prior to getting the um...
by SuzBanyan
Wed Aug 31, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 9
Views: 910

Re: Long term care insurance

One alternative to consider is a reverse home equity loan, HECM. If you own your home free and clear this works well if only one member of the couple needs LTC. The issue occurs when both are no longer living in the home, but you could sell the residence at that point and use the remaining equity t...
by SuzBanyan
Tue Aug 30, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 7238

Re: Rich Dad/Poor Dad Assets

And I see nothing in the Kiyosaki books that tells me a house to live in is ever an acceptable purchase as it will always be a "liability." Thus, anyone who owns a house is "house poor" but would be a wise investor had they only bought the house next door and acted as landlord t...
by SuzBanyan
Tue Aug 30, 2016 4:12 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 7238

Re: Rich Dad/Poor Dad Assets

Though not a CPA - I have dealt extensively with corporate finance and accounting. I understand assets and liability. However, thinking about my "total assets" with respect to personal finance is not meaningful and isn't meaningful to any decision I might make. The laptop I am typing on i...
by SuzBanyan
Tue Aug 30, 2016 2:11 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 7238

Re: Rich Dad/Poor Dad Assets

Folks, If some of my peers read his books at some point and chose not to be "House Poor", they would have been saved. Unfortunately, this continues. People treat their house as an "asset" and choose to be "House Poor". Then, they lose their jobs / incomes and their hou...
by SuzBanyan
Mon Aug 29, 2016 4:59 pm
Forum: Personal Consumer Issues
Topic: Selling house to our real estate agent - issues
Replies: 23
Views: 3015

Re: Selling house to our real estate agent - issues

If your former agent is now the prospective buyer, how do you know the offer is competitive?
by SuzBanyan
Sat Aug 27, 2016 9:51 am
Forum: Personal Consumer Issues
Topic: Birding in Big Sur
Replies: 7
Views: 551

Re: Birding in Big Sur

The local Audobon Society in Morro Bay has a newsletter at morrocoastaudobon.org. There is a talk on the Condors on Sept 19 and birding field trips on the 10th and 20th. There is also an online birding guide for SLO County. Cal Poly, the local university in San Luis Obispo, starts classes on Thursda...
by SuzBanyan
Sat Aug 27, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Notarize a Note? and Trustee on DOT
Replies: 11
Views: 748

Re: Notarize a Note? and Trustee on DOT

Is there a reason you just didn't file a lien against your friend's property like a mortgage company would do until the loan is paid off? In effect, you now hold a mortgage. There are tax consequences to that. Will you be reporting the interest you receive on your taxes? I do realize that when I do...
by SuzBanyan
Sat Aug 27, 2016 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Medallion Signature Guarantee
Replies: 66
Views: 12395

Re: Medallion Signature Guarantee

We were told we needed one recently to set up online access to a DRIP account we have had for many years. The reason was that when the account was set up, the owner was listed as my husband and my name, "community property property. " Because the word "property" was repeated, it ...
by SuzBanyan
Fri Aug 26, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Notarize a Note? and Trustee on DOT
Replies: 11
Views: 748

Re: Notarize a Note? and Trustee on DOT

For (1), I would think you would also have the promissory note recorded. That's what's supposed to happen in CA at least. http://saclaw.org/wp-content/uploads/sbs-deed-of-trust-and-promissory-note.pdf Having a title company as Trustee can be normal (2), especially if they offer related services (fo...
by SuzBanyan
Thu Aug 25, 2016 6:10 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1533

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

. . . The subsequent annual premium is a percentage of the accumulated loan balance, so those will be zero if the LOC is never tapped. . . Here's what the Consumer Financial Protection Bureau said about annual costs in 2012: 2.6.2 ONGOING COSTS & FEES Ongoing costs and fees consist of the month...
by SuzBanyan
Thu Aug 25, 2016 5:13 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1533

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

. . . According to Wayne Pfau and mlebuf, as well as my own reading, it is not universally true that the initial premium compounds if you take only the line of credit and no initial payouts. Some lenders will write a contract in which you agree to a higher interest rate formula in exchange for lend...
by SuzBanyan
Wed Aug 24, 2016 3:42 pm
Forum: Investing - Theory, News & General
Topic: "Ten Strategies for using a Reverse Mortgage to help fund retirement"
Replies: 13
Views: 1533

Re: "Ten Strategies for using a Reverse Mortgage to help fund retirement"

Thanks for posting this link. I really like your analogy to a "Swiss-army" knife.
by SuzBanyan
Tue Aug 23, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Can I semi-retire (or retire?)
Replies: 78
Views: 7664

Re: Will I be able to tell my wife I can semi-retire (maybe retire!)?

I would reframe the question: do we have enough for me to be a stay at home parent to our 3 kids, ages 8 to 12? Right now, I believe you have only "guesstimated" your current expenses. Before you can answer this, you need a better handle on your current expenses, as well as your future exp...
by SuzBanyan
Mon Aug 22, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 7767

Re: Joint Accounts - How do you use it?

After 26 years of marriage, we tend to put most purchases, large and small, on credit cards. Dividing up the credit card bill between "his" account and "hers" would drive me manic. See above re: lazy. Do those with separate accounts not use credit cards or each have their own? O...
by SuzBanyan
Mon Aug 22, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Joint Accounts - How do you use it?
Replies: 103
Views: 7767

Re: Joint Accounts - How do you use it?

I have to admit that I am too lazy to manage that many checking/savings accounts. The only time my husband and I both had "separate" accounts was when we each had our own business. Even then, they were joint accounts. When my husband sold his business and retired, I was glad to have one le...
by SuzBanyan
Sun Aug 21, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Early planning for ACA 2017
Replies: 20
Views: 3001

Re: Early planning for ACA 2017

Why not keep your income at the medicaid level? Then everything will be paid for, no premiums, no deductibles. I really don't think a roth conversion is worth giving that up. As already explained, Medicaid is not an option in FL, plus we prefer to convert small amount every year from IRA to Roth as...
by SuzBanyan
Sat Aug 20, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Self-drafting prenuptial agreement in CA
Replies: 17
Views: 1486

Re: Self-drafting prenuptial agreement in CA

Thank you for the responses, guys. My mind was navigating down the same road you guys are with your logic/advice. I don't have much for assets at all, but, as I've come to learn- I/she may strike gold one day and wouldn't want the newly acquired fortune to be partially defaulted to the other becaus...
by SuzBanyan
Thu Aug 18, 2016 10:03 am
Forum: Personal Finance (Not Investing)
Topic: How to fund down payment on second home.
Replies: 14
Views: 1992

Re: How to fund down payment on second home.

One option that did not get much discussion was your suggestion to sell the first then buy the second, renting if needed between. While it has been a while, this is what we did for our last transition. Put our current house on the market. Entered into a sale transaction with a 60 day closing. Entere...
by SuzBanyan
Wed Aug 17, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Another Basic Health Savings Account Question
Replies: 27
Views: 2451

Re: Another Basic Health Savings Account Question

OP: Funding you HSA may have value to you even if you don't use it as an alternative "retirement" account. You will receive a federal tax deduction for funds deposited in the account. That means paying current health expenses with pre-tax dollars. As a result, you should probably deposit m...
by SuzBanyan
Fri Aug 12, 2016 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Second Wife
Replies: 41
Views: 3068

Re: Social Security Second Wife

That all assumes that you had a lot higher inflation adjusted income than her inflation adjusted income. Yes. I had the impression that OP wife had/will have very little SS earnings. Looking back over the thread that may have been wrong. JW You are correct. My wife will not have much SS earnings. S...
by SuzBanyan
Sat Aug 06, 2016 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trust vs Transfer on Death
Replies: 61
Views: 8129

Re: Living Trust vs Transfer on Death

Correct me if I'm wrong, but doesn't a Trust need to be funded for it to become effective? If you create a living trust, don't fund it by re-titling your assets, what then? Worthless. You just wasted paying for the trust. I believe that you are mostly correct, but there may be situations where dela...
by SuzBanyan
Sat Aug 06, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited half a house - how best to proceed?
Replies: 19
Views: 2358

Re: Inherited half a house - how best to proceed?

If the other half owner is willing, you may have better luck in dealing with third party lenders if you do this in 2 steps: 1. Buy the other half with money down and a short term balloon note from your half owner 2. Refinance the entire property with a third party. This may not make sense if the tra...
by SuzBanyan
Sat Aug 06, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: SWR and Current/Future Cash Flows
Replies: 23
Views: 1891

Re: SWR and Current/Future Cash Flows

I am trying to understand, given today's unique market environment, where my planned retirement stands WRT risk. Otar, Firecalc and Fidelity all tell me things look good. Personal Capital tells me I have a 97% chance of success. However, when I read threads like this https://www.bogleheads.org/foru...
by SuzBanyan
Fri Aug 05, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: SWR and Current/Future Cash Flows
Replies: 23
Views: 1891

Re: SWR and Current/Future Cash Flows

I have run Firecalc. And Fidelity's retirement planner, Personal Capital's retirement planner, as well as the Otar Retirement Calculator. But I can't be the only person that's trying to get a handle on how SWR is impacted by staggered cash flows that are a significant percentage of their later-life...
by SuzBanyan
Thu Aug 04, 2016 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Upcoming decisions on retirement
Replies: 13
Views: 1907

Re: Upcoming decisions on retirement

Joe - still working on where to live, but home works for now. I have access to comprehensive health insurance at a low cost and am willing to self insure any long term care. Wizard - I have considered the annuity idea, but am leaning to the delay for my spouse and fund the gap with investment gains...
by SuzBanyan
Thu Aug 04, 2016 9:29 am
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 4063

Re: How are taxes different after retirement?

One factor that I didn't see discussed is the different tax rates paid by singles and married filling jointly. Many couples will need to plan for the time when the widow(er) has to pay based on the relatively higher single tax rates.
by SuzBanyan
Wed Aug 03, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Retirement portfolio for analysis plus adviser questions
Replies: 12
Views: 1446

Re: Retirement portfolio for analysis plus adviser questions

Your taxable account is ghastly. But you didn't mention when you'll take SS, presumably at age 70.5. Are you retired now? If so, then live off the taxable (after-tax) holdings while you do Roth conversions to the top of the 15% or 25% bracket. Once you start taking SS and RMDs, continue to do Roth ...
by SuzBanyan
Mon Aug 01, 2016 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 41
Views: 2728

Re: Self insure for LTC using Reverse Mortgage HECM?

I have the impression that once you secure an HECM, your financing charges and annual FHA insurance premium begin to accrue as a loan balance, even if you have not borrowed against your line of credit. Have you received any information on this in your counseling or mortgage paperwork? I had that sa...
by SuzBanyan
Sun Jul 31, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Can I retire" related question
Replies: 15
Views: 1914

Re: "Can I retire" related question

I think it is a very good strategy but not for the OP. The OP is in a position where he can take far more from his portfolio than he desires. If he followed the smoothing strategy he would be drawing something like $100k+ a year which does not seem to be his/her intention. I like it and it is a goo...
by SuzBanyan
Sun Jul 31, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Can I retire" related question
Replies: 15
Views: 1914

Re: "Can I retire" related question

Lets just say you are over complicating things. You are in the fortunate position to have more than enough assets to cover your retirement by a wide margin. These strategies you read in threads are just not useful for you. You'll end up with a complicated plan that will just confuse you. Keep it si...
by SuzBanyan
Sun Jul 31, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: How bad is CA probate? Living trust needed or not?
Replies: 23
Views: 2042

Re: How bad is CA probate? Living trust needed or not?

Anyone have any thoughts on the value of a living trust v. a power of attorney when managing rental property? It seemed to work well in my family with a rental property my grandmother owned in trust. As she became less interested in the management, my mother took over as the successor trustee and th...

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